Development in the year under review
- Personnel expenses increased as a result of collective bargaining agreements and a higher number of employees.
- Digitalization and Group projects advanced.
- Covid-19 pandemic dampened development.
Subsidiaries/other | 2020 | 2019 | Change | ||
absolute | % | ||||
Total revenues (€ million) | 5,375 | 5,192 | + 183 | + 3.5 | |
DB Business Services | 4 | 51 | –47 | –92.2 | |
DB Operational Services | 6,203 | 5,994 | +209 | +3.5 | |
Other/consolidation | –832 | –853 | +21 | –2.5 | |
External revenues (€ million) | 523 | 581 | –58 | –10.0 | |
EBITDA adjusted (€ million) | –98 | –62 | –36 | + 58.1 | |
EBIT adjusted (€ million) | –690 | –575 | –115 | + 20.0 | |
DB Business Services | –85 | –71 | –14 | +19.7 | |
DB Operational Services | 32 | 18 | +14 | +77.8 | |
Other | –637 | –522 | –115 | +22.0 | |
Gross capital expenditures (€ million) | 981 | 714 | + 267 | + 37.4 | |
DB Business Services | 5 | 5 | – | – | |
DB Operational Services | 390 | 429 | –39 | –9.1 | |
Other | 586 | 280 | +306 | +109 | |
Net capital expenditures (€ million) | 981 | 713 | + 268 | + 37.6 | |
Employees as of Dec 31 (FTE) | 57,878 | 55,497 | + 2,381 | + 4.3 | |
DB Business Services | 11,792 | 12,015 | –223 | –1.9 | |
DB Operational Services | 43,330 | 40,907 | +2,423 | +5.9 | |
Other | 2,756 | 2,575 | +181 | +7.0 | |
The increase in total revenues was driven by higher revenues from intra-Group customers of DB Operational Services companies. This was mainly due to a higher demand for digitalization and cybersecurity solutions (DB Systel), DB Vehicle Maintenance projects and the increased project business of the DB Bahnbau Group.
Revenues from non-Group customers declined at a low level. This was largely due to declines in DB Sales caused by Covid-19.
The operating profit figures (adjusted EBITDA and adjusted EBIT) in the Other area were significantly affected by corporate management functions performed for the business units. There is no cost transfer to the business units by means of Group charges. In the year under review, the operating profit figures (adjusted EBITDA and adjusted EBIT) were weaker, primarily due to higher expenses for personnel overall. This was a result of collective bargaining agreements and an increase in the number of employees due to capacity and quality measures. Declines at DB Catering, DB Connect and DB Sales caused by Covid-19 also had an effect. The positive business development, particularly at DB Vehicle Maintenance, DB Service and DB Systel, in addition to countermeasures, compensated for some of the effects.
The higher capital expenditures largely resulted from extensions of existing rental and leasing agreements with DB Real Estate in the Other area.
The number of employees rose, largely driven by additional recruitment in DB Operational Services companies. The number of employees at DB E & C, DB Systel, DB Vehicle Maintenance, DB Services, DB Security and the DB Rail Construction Group in particular rose as a result of expanding digitalization and quality measures, additional hygiene and safety requirements due to the Covid-19 pandemic, and the increase in in-house production volumes.
